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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Swedish Krona/Canadian Dollar (FOREX:SEKCAD)

Long-Term Downtrend (-90) - SEKCAD is in a strong downtrend that is likely to continue. While SEKCAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SEKCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for SEKCAD.

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FOREX_SEKCAD
Open High Low SEKCAD Price Change
0.12474347 0.12481900 0.12381732 0.12432668 -0.00041700
Entry Signal

MarketClub’s Trade Triangles for SEKCAD

long term down The long-term trend has been DOWN since Oct 6th, 2021 at 0.14332126

intermediate term down The intermediate-term trend has been DOWN since Aug 16th, 2022 at 0.12419250

short term down The short-term trend has been DOWN since Aug 12th, 2022 at 0.12644904

Smart Scan Analysis for SEKCAD

Based on our trend formula, SEKCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SEKCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12474347 0.12481900 0.12381732 0.12432668 -0.00041700
Prev. Close Volume Bid Ask Time
0.12474347 2022-08-16 22:00:12
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